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basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to continue to deliver. one of the major reasons why these devices -- two major reasons they are so powerful is because of the processors and storage. so by the way, in storage, the rate of changes is double every nine months. the point is, in that technology world, you have to think about the company's producing innovation to stay ahead of the curve. >> now that they have an out, it to look at it. >> i don't know how to innovate. what strikes me about innovation, and this is something he gave us an example of a few minutes ago -- retroviruses -- retroviruses as part of the t
basic science innovation, technology innovation -- google is a good example. one anecdote -- i was on the board of a company that had about $13 billion in revenue. 90% came from products that were 120 days or less old. they had to reinvent nearly $13 billion of revenue. these are incremental invention, and understood technology. basically the file cabinets on any technological advice you have. that innovation has to come at all three levels inside that business on a continual basis for it to...
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google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's within a few dollars, it may be a better purchase for someone to buy it locally or to be able to know that they can get it today if they decide to buy at a physical store." kreuger says some of the most searched gifts for kids this holiday season are leap pad tablets, build-a-bear, and g.i. joe. for adults, searches are up for tablets, laptops and engagement rings. fedex workers serving as santa's little helpers this year will have tough sledding this week. the delivery company expects today will be a record- breaker, with 19 million packages being shipped and delivered. 300,000 employees, plus 20,000 sea
google is turning into a shopper's friend this christmas. 80% of people are googling their research on christmas purchases before buying. however, julia krueger of google says this doesn't necessarily mean shopping habits are transitioning to online- only. "they want to feel confident about what they're buying, and feel like they are getting a good value. so not everybody looks for the lowest price, but very often they want to feel good about the price they are paying. so even if it's...
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if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty that google has to their shareholders. while david callahan says such strategies could hurt the brand. great to have you with us. ben, let me get to you today. we'll get into the ethics in a second. but you say it is good for shareholders. >> i think it's what they have to do. it's their fiduciary duty to protect shareholders and pay as low a tax rate as they legally can. and in this case, that is what they're doing. >> but ethically it feels a little dirty, doesn't it? if all these american companies are hiding their revenues elsewhere. >> i think this is what they have to do. they have leg
if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty...
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google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite ends of the table they were outbidding each other. they said, let's not do this. not spend more money than we have to. parse out which patents we want and play together. and that is exactly what they're doing. david: but their animosities are stronger than their willingness to work together, correct? >> absolutely. this is no cease-fire in any pay, shape or form. google is going at it. couple things coming out from google today. the company is going after a set-top box company, motorola home. talks it will go after that competing with apple. apple tv wil
google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite...
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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation there, do you think. >> i think that is a great question. it is about a 30% tax increase california has done is almost double the taxable gain great. i feel like california is an amazing place. the sil
he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in...
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we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other people's weren't okay. lori: do you buy the end of the world this mayan forecast? melissa: when does it actually happen? lori: the 21st. melissa: i think more likely to happen on 12/12/12. lori: you have power to change it. melissa: things are heating up when it comes to solar, not a good way. many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts
we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other...
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apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher right now, but i'm sure it is not. liz: what about the flash cube patent. dennis, what about you? >> mayor bloomberg could be in for holiday shopping. bloomberg media company may want to buy the financial times. any deal more for prestige and profits. preservation down 30% in four years, 300,000. yet bloomberg is a hungry acquirer. a deal here would give bloomberg 50% ownership of the economy. it could go for a price of $1.6 billion. valuing them at double the price of u.s. print properties on a per point. whether ceo plays on march in the print business.
apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher...
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featuring representatives from google, facebook, microsoft and twitter. republican and democratic secretaries of state are also part of that discussion. that has just gotten underway life on our companion network c-span3. also coming up today the center for american progress is hosting a conference. this white house national economic council gene sperling and others are taking part on how education and innovation can benefit the u.s. economy. that's expected to start at 10 a.m. eastern live on our companion network c-span. >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible] this is i think as you all know a place where public policy and research needs, the world of ideas with the world of policy action. very happy to see the director of our program here this morning. also want to acknowledge -- and, of course, very pleased that this is an event we're cosponsoring with immigrationworks which really did most of the organization for this. tamar jacoby from you here for a minute, m
featuring representatives from google, facebook, microsoft and twitter. republican and democratic secretaries of state are also part of that discussion. that has just gotten underway life on our companion network c-span3. also coming up today the center for american progress is hosting a conference. this white house national economic council gene sperling and others are taking part on how education and innovation can benefit the u.s. economy. that's expected to start at 10 a.m. eastern live on...
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what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right, finally, this john mcafee story is right out of hollywood. we need to start casting the movie. one likely candidate is vladic sheybal who played dr. boogalow. but i found the late, great roy shader, seen as bob fossey in "all that jazz." unfortunately, they are both dead. so, casting remains open. i see on the set one person with facial hair and i think -- if pete had a really, really, really hard weekend, monday morning, he could play john mcafee. >> i had a rough one this weekend, as a matter of fact. boy, that was tough. >> little extra time with tequila mocking bird. >> meggings were too tight? >> no meggings here. >> have you hear
what's the trade on google, pete? >> i like google, but i still think when you look at yahoo!, one of this things we talked about recently is, how yahoo! is actually starting to steal back some of that search. who are they stealing it from? they are taking some of it from google. i like this yahoo! story right now. i think you have more upside. >> amen. >> all right. >> we talk about it for awhile now. >> we have. we have. >> jane? >> all right,...
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these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and places, immigrants have been viewed more or less favorably in the united states. this is a nation of immigrants. but when immigration was largely cut off during the 1920's, a lot of americans became somewhat estranged from the immigrant roots of their forebearers. and lost a sense that we were a nation of immigrants. but in some parts of the country today you see the enormous economic vitality it comes with a really diverse and active population that attracts immigrants and kind of zestful necessary they add to a community like those in northern virginia. or southern california or texas
these google -- all of these companies which maybe it needs to be a marketing campaign. i don't know. but something i think should be done to change the image of immigrants and make it more positive, and i think that will facilitate everything we're talking about today. so how do you guys think we can maybe change that image of immigrants and make it more positive and not make everybody, when they think of immigrants think of border wars on history channel. >> well, at different times and...
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predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics. put it on my spark card. ow. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve great rewards. [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] >> but school is boring. >> no, it's not. >> charter schools. charters are public schools that are free of t
predictive intelligence with google now complete. introducing droid dna by htc. it's not an upgrade to your phone. it's an upgrade to yourself. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. thor gets great rewards for his...
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google it. i mean, actually, don't. just trust me. he did something he shouldn't have done according to some lady. >>> well, moving on, some of our top intelligence analysts are today warning that the u.s. is about to lose its status as the world's only superpower. ambassador john bolton's here live to weigh in next on who, if not us? >>> plus, we've got an eye-opening update on a group of chrysler workers who got national attention two years ago when a tv news crew caught them on tape drinking and getting high on their lunch breaks from a rather important job, making your cars. >> you know, the government spent a lot of money bailing you guys out, and you're coming out here on your lunch. break drinking like this? where are you guys going, man? [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> it is a far-flung and testing operation
google it. i mean, actually, don't. just trust me. he did something he shouldn't have done according to some lady. >>> well, moving on, some of our top intelligence analysts are today warning that the u.s. is about to lose its status as the world's only superpower. ambassador john bolton's here live to weigh in next on who, if not us? >>> plus, we've got an eye-opening update on a group of chrysler workers who got national attention two years ago when a tv news crew caught...
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neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the government. still at 33 bucks even though it's down after-hours up from the re-ipo after the financial crisis. >> and it's something that will make the ceo very, very happy. the last couple times he's been on this program, he has been campaigning publicly for the government to do just that. he wants them off his balance sheet and off his back. >> it was an unpopular risk to begin with. so brings this all into the era. >> as kayla pointed out, it turned out to be profitable for the country. >> absolutely. >>> in the meantime, death tax would jump. we talk about why it might cost someone'
neither google nor apple responded to requests for comment. >> all right. let's get out to kayla tausche again. we're hearing the treasury is going to sell the remaining $240 million worth of aig shares? >> that's correct. we're seeing those headlines just hit the wire now. it's 234 million shares. that's roughly $8 billion. that's the last of the treasury's investment in aig. they will launch a fully public offering. roughly 16% of aig shares. this is a mayjor coupe for the...
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apple and google, bitter rivals in smart phone technology, have joined up for to make a combined bid for a bundle of patents offer by photography pioneer kodak. reporters say that apple and google have abandoned competing bids for the portfolio if to offer a combined $5 million. if the sum is the minimum code that can sell the patents for instill gave a $830 million loan that is crucial to getting the company at a bankruptcy. kodak filed for chapter 11 bankruptcy protection in january after struggling to adapt to the world of digital photography. >> mobil-payments company squier says is now offering digital gift cards. now anyone can purchase a card from the 250,000 merchants that accept square wallet, and have that lets consumers pay with their smart phones. >> the white house is expanding its social media outreach, joining the picture and video web site pinter is. the obama administration says that that was sure pins and boards of that range from inspiring images and close. >> the national hanukkah menorah was lit during a ceremony at the nation's capital. thousands of people atten
apple and google, bitter rivals in smart phone technology, have joined up for to make a combined bid for a bundle of patents offer by photography pioneer kodak. reporters say that apple and google have abandoned competing bids for the portfolio if to offer a combined $5 million. if the sum is the minimum code that can sell the patents for instill gave a $830 million loan that is crucial to getting the company at a bankruptcy. kodak filed for chapter 11 bankruptcy protection in january after...
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google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds beyond our borders. there are opportunities to shake things up and to cut some of the costs by allowing kids to enter world's and realms of the have never been allowed to enter before through technology and we need to spend more time figuring out how we change that paradigm if we know it. particularly for the pre-k through high-school. how can we learn better based on what we know today? >> let me try two more before we open it up to questions. warren buffett says tax rates do not matter as much as a lot of people pretend when it comes to companies and investment and inno
google is spending a significant amount of money to see we can do better. what the big frustration is what we talk about education but many of the other social problems that we talked about, when you see that there is such a dramatic technological change and we have not done anything to abandon our educational system. we can see is their ways that we can use these ongoing on-line resources to reach kids and get them to think beyond, to do that type was of things to introduce them to worlds...
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it jumped on friday on reports it could be a takeover target for google. whether it is or not, i don't know, but it is down this morning. all right. we're back in 90 seconds with the drastic steps the dallas cowboys are considering after this weekend's tragic accident. stuart: horrible story over the weekend. dallas cowboys player josh brent allegedly driving drunk flips his car. his passenger and teammate jerry brown killed in the accident. the cowboys are looking into all options to protect their players. including installing devices that would immobilize the car if the driver of the car. the judge is here. do they have the right to intrude into players' cars and install a device that you can't drive it if you are drunk? >> do they have the right? not is it the right thing to do but do they have the right thing to do? well, they are not the government. and the young man who is accused, he's still innocent, because he's innocent still proven guilty accused of this awful event is free to work at another football team. so under that theory, he's voluntarily
it jumped on friday on reports it could be a takeover target for google. whether it is or not, i don't know, but it is down this morning. all right. we're back in 90 seconds with the drastic steps the dallas cowboys are considering after this weekend's tragic accident. stuart: horrible story over the weekend. dallas cowboys player josh brent allegedly driving drunk flips his car. his passenger and teammate jerry brown killed in the accident. the cowboys are looking into all options to protect...
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but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. if you're a man w
but google is like that. and i got you. >> and you got me and i fell for it and i should have known. >> oh, man. coming up, a live report from rome. >> i should know better. how long have i been sitting next to you? >> why europe is paying close attention to who will follow mario monti as italy's prime minister. >>> but here at home, a very big difference between president obama's first inauguration and the one being planned for next month. details when we run....
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the workshop is 6 -- at 6:00 at google san francisco on spear street. you have to register in advance. >>> if you can't bike to work or school, you have to take a car, let's check in with sal. the east shore pretty crowded -- crowded? >> it is. you can see it's heavy here westbound. that's kind of a long line getting to the bay bridge. we had several stalled cars. kind of a bad morning for the bridge. not a lot of accidents but just broken down cars on that span. now here we are looking at a huge toll plaza delay of 40 minutes before you make it unless you are in the carpool lane, it will be 40 gets getting to the bay bridge. 580 is backed up as well. you need to give yourself extra time or consider public transportation. we're looking at the nimitz freeway. some people may want to think about the san mateo bridge. but getting to it will be she and it stays with you all the way down to fremont. 101 looks decent. 101 northbound and southbound, getting up and down the peninsula. let's go to steve. >>> thank you, sir. for some, cold, patchy fog. fairfield,
the workshop is 6 -- at 6:00 at google san francisco on spear street. you have to register in advance. >>> if you can't bike to work or school, you have to take a car, let's check in with sal. the east shore pretty crowded -- crowded? >> it is. you can see it's heavy here westbound. that's kind of a long line getting to the bay bridge. we had several stalled cars. kind of a bad morning for the bridge. not a lot of accidents but just broken down cars on that span. now here we are...
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every month or every year i google a little bit about some show people are talking about that i don't think you could have ever imagined choosing. because say i i want you to choose honey boo-boo or the show with the dark guy or a certain food channel network. i don't think if i had to predetermine that was my preference i would ever pick them. but the ability to stumble on them or hear people talking about them and let me go into an environment and go dabbling around i sort of like honey boo-boo and now i'm watching that. that is a huge part of the american television experience and i think it is sold short when you get to talking about any time, anywhere, now. i do still think a lot of americans love the enjoyment of escaping and passivity and being able to roam around the tv jungle finding things they didn't know were there. >> michael powell on the future of television tonight on "the communicators" on c-span 2. >> this week, crystal wright, editor and publisher of the internet blog site, conservativeblackchick.com. >> crystal wright, why did you call your blog "conservative black
every month or every year i google a little bit about some show people are talking about that i don't think you could have ever imagined choosing. because say i i want you to choose honey boo-boo or the show with the dark guy or a certain food channel network. i don't think if i had to predetermine that was my preference i would ever pick them. but the ability to stumble on them or hear people talking about them and let me go into an environment and go dabbling around i sort of like honey...